[ad#Left-Align Content Ad]While local brick and mortar banks will always be common, online financial institutions are picking up a lot of steam. Over the past five to ten years, online savings accounts have become more and more popular.
Why do so many people rely on online savings accounts? The main reason for this is simple: higher interest rates than local competition.
On the surface, all online savings accounts appear the same. But once you dig deeper and learn more about the finer details you will find that no two banks are identical.
[ad#Left-Align Content Ad]Below are five key steps to consider when choosing an online savings account:
Interest Rates
When evaluating an online bank it is essential to consider the interest rate. Even though online savings account rates can and will fluctuate with time, some banks are known to be among the best regardless of what is going on with the economy.
You want to look for two things when it comes to the interest rate:
1. Which bank is highest right now?
2. Which banks are known to raise their rates first and lower their rates last?
Safety and Security
Let’s face it: in today’s day and age, many people are worried about whether or not their money is secure. This is particularly true with so many banks “going under” over the past few years.
Generally speaking, as long as a bank has FDIC insurance you are safe. That being said, make sure you know the FDIC limits and that you stay below them.
What about security features? The online bank you choose should have a secure login area. Along with this, it is your responsibility to keep your password safe and to only login on computers that are 100 percent secure.
Interface Simplicity
The last thing you want is an online savings account that you don’t understand. Remember, there is no local branch for you to walk into for assistance. What you see when you log into your online account is what you get. While you can always call customer service for support, doing so time and time again will get old.
Find an online bank that is known to offer a simple interface with basic functionality and features. ING Direct, for example, is a favorite among many people. Not only do they have a simple interface, but they have made it very easy for users to create sub-accounts.
Minimum Balance
How much money are you going to put in your online savings account? Will this money stay put indefinitely? Some banks have a minimum balance requirement, others don’t. This may or may not be important to you depending on how much money you have.
What is the big deal? If you have a minimum balance requirement and don’t stay above the threshold you could find yourself paying monthly fees. Along with this, your interest rate may dip.
If you don’t have enough money to keep the required balance, search for an online bank with no minimum requirement.
Customer Service
This is a giant detail in the process of selecting an online savings account. As noted above, you don’t have the ability to walk into a local branch and speak with somebody face to face. For this reason, it is essential that you can get customer support when needed, therefore head over to Bank Reviews and Ratings to find customer reviews on prospect banks.
If you choose the right bank you will have access to a live person via phone or online at pretty much any time of the day. Believe it or not, some banks even have 24 hour customer service teams.
When a question or problem arises, you don’t want to wait too long for an answer. After all, it is your money and you deserve to know what is going on with your account.
As you take the necessary steps to open an online savings account, strongly consider the five details outlined above. If you take your time during the comparison and selection process you will be confident in your final decision.
Final Word
No matter who you are, when opening an online savings account you should follow these steps. Along the way, if you have any questions you should stop and seek out the appropriate answer. You can search the internet for information on each online bank. Along with this, don’t overlook the ability to contact a live customer service representative via phone.
Congratulations! You are now in position to choose the perfect online savings account.
Alyce
September 24, 2018 at 9:13 am
Hello! Wonderful stuff, please do tell us when you post once again.Most impoprtant point is choosing words
minecraft
October 6, 2018 at 6:49 am
It’s really a nice and useful piece of info.
I am happy that you simply shared this useful info with us.
Please stay us up to date like this. Thanks for sharing.
minecraft
October 7, 2018 at 11:33 am
Hello just wanted to give you a quick heads up. The text in your
post seem to be running off the screen in Safari.
I’m not sure if this is a formatting issue or something to do with web browser compatibility but I figured
I’d post to let you know. The design and style look great though!
Hope you get the issue resolved soon. Thanks
minecraft
October 7, 2018 at 5:32 pm
Today, while I was at work, my cousin stole my iPad and tested to see if it can survive
a 25 foot drop, just so she can be a youtube
sensation. My iPad is now destroyed and she has 83 views.
I know this is completely off topic but I had to share it
with someone!
minecraft free download 2018
October 8, 2018 at 9:15 pm
Hi! Would you mind if I share your blog with my facebook group?
There’s a lot of people that I think would really appreciate your content.
Please let me know. Thanks
醫學美容 敷完 cosmetic.wiki
October 14, 2018 at 1:45 pm
too cool for school 【面膜系列】體貼立體保濕面膜 Smart Fit 3D Mask (Moisture)的商品介紹 UrCosme (＠cosme TAIWAN) 商品資訊 too cool for school,面膜系列,體貼立體保濕面膜 Smart Fit 3D Mask (Moisture)
頸霜
October 16, 2018 at 5:08 am
含藥化妝品配方能去角質、去除導致痘痘的多餘油脂。
喚膚
October 16, 2018 at 6:42 pm
燒燙傷、疤痕整形、疤痕手術、疤痕處理、敷料等一些相關議題、似是而非或有爭議的事項的披露與討論。
隆胸
October 17, 2018 at 11:36 pm
完美的尺寸結合柔軟的錐形刷頭，能搭配粉狀腮紅使用，採用抗菌科技。
醫學美容 三尖八角 cosmetic.wiki
October 18, 2018 at 1:09 pm
蔡醫師證書 – ZELTIQ 2014.jpg @ 美顏纖體誌 的相簿 :: 痞客邦 PIXNET :: 美顏纖體誌 的相簿 – 蔡醫師證書 – ZELTIQ 2014.jpg
minecraft secret free download
October 18, 2018 at 3:51 pm
Quality articles is the key to invite the visitors to pay a visit the web site, that’s what this web site is providing.
Benefits of Coconut Oil
October 19, 2018 at 6:06 pm
Hey very nice blog!
醫學美容 手術 cosmetic.wiki
October 21, 2018 at 2:59 am
【髮型影片】超實用。手殘女也上手♥♥搭配棒球帽的髮型教學 @ B2B崔咪TRAMY :: 痞客邦 :: 最近真的好夯棒球帽喔~~簡單上手的髮型也一定要學會喔 今年因為90'S的運動風回流， 從去年春夏一開始的時裝品牌GIVENCHY, DIOR HOMME， 都出了時裝x運動風的棒球帽
Health Benefits of Coconut Oil
October 21, 2018 at 12:41 pm
It’s a shame you don’t have a donate button! I’d without a doubt
donate to this brilliant blog! I suppose for now i’ll settle for book-marking and
adding your RSS feed to my Google account.
I look forward to new updates and will share this site with my Facebook group.
Talk soon!
Health Benefits of Coconut Oil
October 21, 2018 at 7:16 pm
Great info. Lucky me I ran across your site by accident (stumbleupon).
I have book marked it for later!
醫學美容-髮絲-修補-cosmetic-wiki
October 26, 2018 at 8:06 am
BALENCIAGA 【Fragrance】Balenciaga Paris 淡香精 Balenciaga Paris Eau de Parfum的商品介紹 BALENCIAGA,Fragrance,Balenciaga Paris 淡香精 Balenciaga Paris Eau de Parfum
Coconut Oil
October 29, 2018 at 6:24 am
Hey there would you mind letting me know which web host
you’re working with? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot
faster then most. Can you suggest a good internet hosting
provider at a reasonable price? Cheers, I appreciate it!
Health Benefits of Coconut Oil
October 30, 2018 at 4:30 am
I’m gone to say to my little brother, that he should
also go to see this website on regular basis
to get updated from hottest news.
descargar facebook
November 2, 2018 at 7:54 am
Really when someone doesn’t be aware of then its up to other
viewers that they will help, so here it occurs.
http://twitter.com/descargar_hq
November 2, 2018 at 8:14 am
Descargar facebook
It’s in fact very complex in this busy life to listen news on TV,
thus I simply use the web for that reason, and obtain the most up-to-date news.
Descargar facebook
quest bars cheap
November 3, 2018 at 2:02 pm
You’re so awesome! I do not believe I’ve truly read a single thing like this before.
So great to discover somebody with unique thoughts on this topic.
Seriously.. many thanks for starting this up. This web
site is one thing that’s needed on the web, someone with a
little originality!
Football Solutions Under-17 - Portugal-Ukraine - Line-ups
November 10, 2018 at 4:32 am
De Rossi has spent his entire career in his home city with Roma, playing more than 500 games for the club, but has finished as a Serie A runner-up seven times in addition to winning two Coppa Italias. Daniele De Rossi’s Roma career could be coming to an end as he admits his 16th season could be his last
What Equipment is Needed for Sling TV
November 11, 2018 at 2:48 am
certainly like your website however you need to test the spelling on several of your posts.
Many of them are rife with spelling problems and
I in finding it very bothersome to inform the reality nevertheless
I will certainly come again again.
What Equipment is Needed for Sling TV
November 12, 2018 at 8:58 am
Wow, this post is good, my sister is analyzing these kinds of things, so I am going to inform
her.
What Equipment is Needed for Sling TV
November 16, 2018 at 5:44 am
Howdy! This is my first comment here so I just wanted to give a quick
shout out and tell you I genuinely enjoy reading
through your posts. Can you suggest any other blogs/websites/forums
that cover the same topics? Thank you!
What Equipment is Needed for Sling TV
November 18, 2018 at 11:41 am
Hi there, this weekend is nice in favor of me, for the reason that
this time i am reading this enormous educational piece of writing here at my home.
descargar facebook
December 6, 2018 at 9:13 am
An intriguing discussion is definitely worth comment. I do
believe that you ought to write more about this subject,
it might not be a taboo subject but usually folks don’t talk about these subjects.
To the next! Many thanks!!